Actually, I think you might be able to make a little money on that. But don't be stupid and buy back at 50 cents. Put your order to cover at $3.50. Hey, that's a $0.50 profit which is 5,000 bucks. Not bad. I think it's gonna be a rough day for you though. :-)
you will get screwed by the next ER. I know they are overvalued if you don't count the consolidation of all their divisions, but their growth last quarter was 83%. If its anything near that this will run again with no regard for present valuation.